Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RHP	RYMAN HOSPITALITY PPTYS INC	1,053,617	$50.73M	9.0%	$39.07	—	COM	78377T107
ET	ENERGY TRANSFER EQUITY L P	716,248	$42.22M	7.5%	$54.74	—	COM UT LTD PTN	29273V100
—	MACQUARIE INFRASTR CO LLC	674,537	$42.07M	7.5%	$54.31	—	MEMBERSHIP INT	55608B105
—	CEDAR FAIR L P	788,356	$41.7M	7.4%	$46.36	—	DEPOSITRY UNIT	150185106
—	RENTECH INC	11,010,957	$28.52M	5.1%	$2.17	—	COM	760112102
STKL	SUNOPTA INC	2,009,025	$28.29M	5.0%	$11.76	+5.6%	COM	8676EP108
—	NAVIOS MARITIME HOLDINGS INC	2,488,389	$25.18M	4.5%	$8.37	—	COM	Y62196103
—	NORTHSTAR RLTY FIN CORP	1,232,422	$21.42M	3.8%	$10.34	—	COM	66704R100
—	GENRL AMERN INVESTORS CO	515,640	$18.99M	3.4%	$31.94	—	COM	368802104
VOYA	VOYA FINL INC	465,255	$16.91M	3.0%	$31.75	+0.7%	COM	929089100
—	SCORPIO TANKERS INC	1,615,712	$16.43M	2.9%	$9.73	—	SHS	Y7542C106
NVGS	NAVIGATOR HOLDINGS LTD	552,414	$16.23M	2.9%	$39.40	-35.1%	SHS	Y62132108
—	BOULDER BRANDS INC	1,120,277	$15.89M	2.8%	$14.04	—	COM	101405108
—	SUSSER PETE PARTNERS LP	328,444	$15.41M	2.7%	$30.49	—	COM U REP LP	869239103
AIG	AMERICAN INTL GROUP INC	249,457	$13.62M	2.4%	$37.86	+6.7%	COM NEW	026874784
BRK/B	BERKSHIRE HATHAWAY INC DEL	77,681	$9.831M	1.8%	$117.02	+8.2%	CL B NEW	084670702
—	MENS WEARHOUSE INC	152,179	$8.492M	1.5%	$48.98	—	COM	587118100
JNJ	JOHNSON & JOHNSON	77,919	$8.152M	1.5%	$59.66	+22.6%	COM	478160104
XOM	EXXON MOBIL CORP	68,077	$6.854M	1.2%	$53.69	+15.2%	COM	30231G102
JPM	JPMORGAN CHASE & CO	117,927	$6.795M	1.2%	$37.27	+10.5%	COM	46625H100
OSG	AMBAC FINL GROUP INC	229,850	$6.277M	1.1%	$28.82	+0.6%	COM NEW	023139884
AXP	AMERICAN EXPRESS CO	64,280	$6.098M	1.1%	$75.50	+1.2%	COM	025816109
DKL	DELEK LOGISTICS PARTNERS LP	167,842	$5.782M	1.0%	$33.70	—	COM UNT RP INT	24664T103
—	GLOBALSTAR INC	1,286,195	$5.466M	1.0%	$4.25	—	COM	378973408
—	VERINT SYS INC	107,551	$5.275M	0.9%	$39.46	—	COM	92343X100
—	NIELSEN N V	98,143	$4.751M	0.8%	$33.59	—	COM	N63218106
—	AON PLC	52,001	$4.685M	0.8%	$64.35	—	SHS CL A	G0408V102
—	FLOTEK INDS INC DEL	136,850	$4.401M	0.8%	$18.28	—	COM	343389102
NAT	NORDIC AMERICAN TANKERS LIMI	455,271	$4.339M	0.8%	$10.10	-15.3%	COM	G65773106
BA	BOEING CO	32,732	$4.164M	0.7%	$111.68	+0.8%	COM	097023105
HAL	HALLIBURTON CO	55,740	$3.958M	0.7%	$33.35	+54.4%	COM	406216101
WMB	WILLIAMS COS INC DEL	66,305	$3.86M	0.7%	$24.17	0.0%	COM	969457100
FDX	FEDEX CORP	24,880	$3.766M	0.7%	$82.49	+43.7%	COM	31428X106
—	ENERGY TRANSFER PRTNRS L P	64,027	$3.712M	0.7%	$50.54	—	UNIT LTD PARTN	29273R109
—	FIDELITY NATIONAL FINANCIAL	79,608	$3.608M	0.6%	$31.44	—	CL A	31620R105
ABBV	ABBVIE INC	63,003	$3.556M	0.6%	$32.98	0.0%	COM	00287Y109
PG	PROCTER & GAMBLE CO	41,879	$3.291M	0.6%	$55.00	+6.0%	COM	742718109
—	NEWCASTLE INVT CORP	681,844	$3.266M	0.6%	$5.23	—	COM	65105M108
—	DELEK US HLDGS INC	114,741	$3.239M	0.6%	$28.78	—	COM	246647101
FIVE	FIVE BELOW INC	76,988	$3.073M	0.5%	$37.24	+2.5%	COM	33829M101
NICE	NICE SYS LTD	74,001	$3.02M	0.5%	$36.89	—	SPONSORED ADR	653656108
—	GENERAL ELECTRIC CO	111,628	$2.934M	0.5%	$23.20	—	COM	369604103
—	NEW RESIDENTIAL INVT CORP	425,657	$2.682M	0.5%	$6.74	—	COM	64828T102
—	ATLAS PIPELINE PARTNERS LP	77,765	$2.675M	0.5%	$34.40	—	UNIT L P INT	049392103
UNP	UNION PAC CORP	24,094	$2.403M	0.4%	$65.90	+13.5%	COM	907818108
IBM	INTERNATIONAL BUSINESS MACHS	13,062	$2.368M	0.4%	$118.94	-5.6%	COM	459200101
—	ENERGEN CORP	23,530	$2.091M	0.4%	$70.76	—	COM	29265N108
PEP	PEPSICO INC	20,476	$1.829M	0.3%	$56.09	+8.6%	COM	713448108
AAPL	APPLE INC	19,425	$1.805M	0.3%	$18.17	+2.7%	COM	037833100
—	HESS CORP	15,100	$1.493M	0.3%	$66.48	—	COM	42809H107
CVX	CHEVRON CORP NEW	10,714	$1.399M	0.2%	$71.34	+6.4%	COM	166764100
STWD	STARWOOD PPTY TR INC	51,815	$1.232M	0.2%	$24.73	—	COM	85571B105
ADP	AUTOMATIC DATA PROCESSING IN	15,293	$1.212M	0.2%	$52.44	+0.8%	COM	053015103
EMR	EMERSON ELEC CO	17,069	$1.133M	0.2%	$40.02	+22.8%	COM	291011104
KO	COCA COLA CO	26,057	$1.104M	0.2%	$27.85	+0.9%	COM	191216100
MS	MORGAN STANLEY	33,472	$1.082M	0.2%	$17.33	+31.1%	COM NEW	617446448
SLB	SCHLUMBERGER LTD	8,997	$1.061M	0.2%	$52.90	+41.5%	COM	806857108
LOW	LOWES COS INC	20,977	$1.007M	0.2%	$32.16	+17.7%	COM	548661107
—	NATIONAL OILWELL VARCO INC	12,125	$998K	0.2%	$68.87	—	COM	637071101
—	UNILEVER N V	19,821	$867K	0.2%	$39.31	—	N Y SHS NEW	904784709
—	NEW MEDIA INVT GROUP INC	60,547	$854K	0.2%	$15.02	—	COM	64704V106
ABT	ABBOTT LABS	19,170	$784K	0.1%	$30.73	+2.5%	COM	002824100
—	POWERSHARES QQQ TRUST	6,405	$601K	0.1%	$72.55	—	UNIT SER 1	73935A104
—	PARTNERRE LTD	5,048	$551K	0.1%	$90.59	—	COM	G6852T105
—	VIACOM INC NEW	5,720	$496K	0.1%	$68.02	—	CL B	92553P201
EG	EVEREST RE GROUP LTD	2,665	$428K	0.1%	$99.45	+24.5%	COM	G3223R108
VLY	VALLEY NATL BANCORP	39,722	$394K	0.1%	$9.34	+7.5%	COM	919794107
BMY	BRISTOL MYERS SQUIBB CO	6,590	$320K	0.1%	$28.67	+16.9%	COM	110122108
CL	COLGATE PALMOLIVE CO	4,520	$308K	0.1%	$44.38	+15.4%	COM	194162103
PFE	PFIZER INC	9,106	$270K	0.0%	$16.51	+6.3%	COM	717081103
—	GOOGLE INC	455	$266K	0.0%	$881.32	—	CL A	38259P508
—	GOOGLE INC	455	$262K	0.0%	$575.82	—	CL C	38259P706
ERII	ENERGY RECOVERY INC	51,500	$253K	0.0%	$4.92	+4.9%	COM	29270J100
—	STARWOOD WAYPOINT RESIDENTL	9,125	$239K	0.0%	$28.77	—	COM SHS	85571W109
USB	US BANCORP DEL	5,050	$219K	0.0%	$27.34	+2.1%	COM NEW	902973304